Hexa Research Inc.
Industry Research,Custom Research & Consulting
Mining Equipments Market Analysis, Market Size, Share,
Regional Outlook, Industry Trends, Competitive Strategies
And Segment Forecast From 2015 To 2022
Industrial Overview
The mining equipments market is growing on a global level with augmented mining activities. It is likely
to expand rapidly in the next six years. Due to mineral extraction activities in Australia, India and China,
the market is noticing prominent growth globally. Additionally, the regions of Africa, Brazil and Russia
have planned the execution of iron ore projects in the future. This would positively impact the mining
equipments market.
The worldwide market is likely to cross USD 95 billion by 2022. It would experience a CAGR of about 4%
from 2015 to 2022. With a slowly growing population, the demand for food has decreased, necessitating
the need for mineral fertilizers to augment agricultural output. Safety and security concerns related to
heavy equipments are likely to hamper the market.
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